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Economics 411-1, Fall 2008 |
Class notes on: Recursive Representations of the Planning Problem, Introducing Hours Worked into the 'Canonical Model'; Shleifer's Implementation Cycles; Matsuyama's Growing Through Cycles; Bubbles; US Data; Recursive Methods and Participation Constraints; Krusell-Rios-Rull on Vested Interests; Christiano-Harrison; Sudden Stop, Financial Frictions, Ideas and Cycles, BGG financial frictions.
Homework #1: Exercises 2.1, 2.2, 2.3, 3.9 in S-L. Due October 1, in Christopher Jones’ box.